What did Georgescu-Roegen say about the future economy?
Heading towards collapse
Endless growth
Stable state
Rapid expansion
Answer
Heading towards collapse, Georgescu-Roegen's bleak prediction for the future economy stemmed from his belief in the inexorable depletion of non-renewable resources. He argued that economic growth, fueled by the consumption of these finite resources, was unsustainable and would ultimately lead to a decline in both economic output and human well-being.
Nicholas Georgescu-Roegen Knowledge Showdown: 31 Questions to Prove Your Worth
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